Attached files
| file | filename |
|---|---|
| EX-10.15 - EXHIBIT 10.15 - KELLY SERVICES INC | ex10-15.htm |
| EX-10.6 - EXHIBIT 10.6 - KELLY SERVICES INC | ex10-6.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 5, 2016
KELLY SERVICES, INC.
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(Exact name of Registrant as specified in its charter)
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DELAWARE |
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0-1088 |
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38-1510762 |
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(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(IRS Employer Identification Number) |
999 WEST BIG BEAVER ROAD, TROY, MICHIGAN 48084
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(Address of principal executive offices)
(Zip Code)
(248) 362-4444
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(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
On December 5, 2016, Kelly Services, Inc. (the “Company”) entered into an agreement with its lenders to amend and restate its existing $200 million, five-year revolving credit facility. The amendment (i) decreased the size to $150 million and (ii) changed some of the terms and conditions, with a new maturity date of December 6, 2021.
On December 5, 2016, the Company and Kelly Receivables Funding, LLC, a wholly owned bankruptcy remote special purpose subsidiary of the Company, amended the Receivables Purchase Agreement related to the $150 million securitization facility. The amendment (i) increased the size to $200 million and (ii) changed some of the terms and conditions, with a new maturity date of December 5, 2019.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant.
The information set forth in Item 1.01 above is incorporated by reference in this Item 2.03.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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10.6 |
Second Amended and Restated Credit Agreement, dated December 5, 2016 |
| 10.15 | First Amended and Restated Receivables Purchase Agreement, dated December 5, 2016 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
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KELLY SERVICES, INC. |
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Date: December 9, 2016 |
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/s/ Olivier Thirot Olivier Thirot
Senior Vice President and Chief Financial Officer (Principal Financial Officer) | ||
EXHIBIT INDEX
| Exhibit No. | Description |
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10.6 |
Second Amended and Restated Credit Agreement, dated December 5, 2016 |
| 10.15 | First Amended and Restated Receivables Purchase Agreement, dated December 5, 2016 |
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